Moody's: Number of distressed US retailers triples since the Great Depression; debt levels up
New York, February 27, 2017-- Over the past six years the number of US retailers on the lowest and distressed tier of its rating spectrum has tripled, Moody's Investors Service says in a new report. Not since the 2008-09 recession has the percentage been so high, and the rising tide coincides with an increasing number of such companies across all industries. "Moody's-rated US retailers rated Caa or Ca today make up just over 13% of our total rated retail portfolio, which is the highest...
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